DE MUYT: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
DE MUYT
Largest movements
- Cash +€175,271
up €175,271 (+76.5%), from €229,228 to €404,499
mainly Net result for the year (+€150,988) and Other debts (+€134,467)
- Current investments -€117,377
down €117,377 (-12.6%), from €930,942 to €813,565
- Receivables within one year -€21,560
down €21,560 (-28.7%), from €75,072 to €53,511
of which Trade receivables: -€30,851
- Tangible fixed assets +€18,341
up €18,341 (+17.1%), from €107,423 to €125,764
of which Furniture and vehicles: +€34,219
- Other debts +€134,467
up €134,467 (+222%), from €60,557 to €195,024
- Reserves -€50,000
down €50,000 (-3.8%), from €1.3m to €1.3m
- Tax, wage and social debts -€31,252
down €31,252 (-46.6%), from €67,011 to €35,759
of which Taxes: -€35,732
- Gross operating margin -€39,085
down €39,085 (-10.4%), from €375,663 to €336,578
- Taxes -€29,300
down €29,300 (-31.4%), from €93,270 to €63,970
- Staff costs +€24,966
up €24,966 (+37.5%), from €66,529 to €91,495
- Financial charges +€16,697
up €16,697 (+446%), from €3,745 to €20,442
- Depreciation +€7,990
up €7,990 (+40.4%), from €19,787 to €27,777
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Derived cash bridge
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,504,058 | €1,560,390 | +€56,332 | +3.7% |
| Fixed assets | 21/28 | €107,423 | €125,764 | +€18,341 | +17.1% |
| Tangible fixed assets | 22/27 | €107,423 | €125,764 | +€18,341 | +17.1% |
| Land and buildings | 22 | €104,368 | €88,490 | -€15,878 | -15.2% |
| Furniture and vehicles | 24 | €3,055 | €37,273 | +€34,219 | +1,120% |
| Current assets | 29/58 | €1,396,635 | €1,434,626 | +€37,991 | +2.7% |
| Stocks and contracts in progress | 3 | €158,980 | €160,940 | +€1,960 | +1.2% |
| Stocks | 30/36 | €158,980 | €160,940 | +€1,960 | +1.2% |
| Amounts receivable within one year | 40/41 | €75,072 | €53,511 | -€21,560 | -28.7% |
| Trade receivables | 40 | €73,991 | €43,140 | -€30,851 | -41.7% |
| Other amounts receivable | 41 | €1,080 | €10,371 | +€9,291 | +860% |
| Current investments | 50/53 | €930,942 | €813,565 | -€117,377 | -12.6% |
| Cash at bank and in hand | 54/58 | €229,228 | €404,499 | +€175,271 | +76.5% |
| Deferred charges and accrued income | 490/1 | €2,414 | €2,111 | -€302 | -12.5% |
| Total equity and liabilities | 10/49 | €1,504,058 | €1,560,390 | +€56,332 | +3.7% |
| Equity | 10/15 | €1,354,384 | €1,305,373 | -€49,012 | -3.6% |
| Contributions | 10/11 | €30,987 | €30,987 | = | 0.0% |
| Reserves | 13 | €1,312,429 | €1,262,429 | -€50,000 | -3.8% |
| Distributable reserves | 133 | €1,312,429 | €1,262,429 | -€50,000 | -3.8% |
| Profit (loss) carried forward | 14 | €10,969 | €11,957 | +€988 | +9.0% |
| Amounts payable | 17/49 | €149,674 | €255,017 | +€105,344 | +70.4% |
| Amounts payable within one year | 42/48 | €145,644 | €250,957 | +€105,314 | +72.3% |
| Current portion of amounts payable after more than one year | 42 | - | €800 | +€800 | |
| Trade debts | 44 | €18,076 | €19,375 | +€1,299 | +7.2% |
| Suppliers | 440/4 | €18,076 | €19,375 | +€1,299 | +7.2% |
| Taxes, remuneration and social security | 45 | €67,011 | €35,759 | -€31,252 | -46.6% |
| Taxes | 450/3 | €54,965 | €19,233 | -€35,732 | -65.0% |
| Remuneration and social security | 454/9 | €12,045 | €16,526 | +€4,480 | +37.2% |
| Other amounts payable | 47/48 | €60,557 | €195,024 | +€134,467 | +222% |
| Accrued charges and deferred income | 492/3 | €4,030 | €4,060 | +€30 | +0.7% |
| Remuneration, social security and pensions | 62 | €66,529 | €91,495 | +€24,966 | +37.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,787 | €27,777 | +€7,990 | +40.4% |
| Other operating charges | 640/8 | €6,530 | €5,959 | -€571 | -8.7% |
| Gross operating margin | 9900 | €375,663 | €336,578 | -€39,085 | -10.4% |
| Operating profit (loss) | 9901 | €282,817 | €211,347 | -€71,470 | -25.3% |
| Financial income | 75/76B | €24,979 | €24,053 | -€926 | -3.7% |
| Recurring financial income | 75 | €24,979 | €24,053 | -€926 | -3.7% |
| Financial charges | 65/66B | €3,745 | €20,442 | +€16,697 | +446% |
| Recurring financial charges | 65 | €3,745 | €20,442 | +€16,697 | +446% |
| Profit (loss) for the period before taxes | 9903 | €304,051 | €214,958 | -€89,092 | -29.3% |
| Income taxes | 67/77 | €93,270 | €63,970 | -€29,300 | -31.4% |
| Profit (loss) for the period | 9904 | €210,781 | €150,988 | -€59,792 | -28.4% |
| Profit (loss) for the period to be appropriated | 9905 | €210,781 | €150,988 | -€59,792 | -28.4% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.